The US dollar is regulated and it’s use and transfer creates all kind of legal issues and as a result institutions that handle its storage and transfer run heav

The US dollar is regulated and it’s use and transfer creates all kind of legal issues and as a result institutions that handle its storage and transfer run heavy KYC and reject unconventional use cases. When you turn it into a stablecoin you no longer have to deal with all that, you can easily trade unregistered securities and engage in ponzis without an oversight. Okay this sounds a bit too cynical but each crypto bull market resulted in exactly that, unfortunately.